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How Much Home Can I Afford?

When you're buying a home, mortgage lenders don't look just at your income, assets, and the down payment you have. They look at all of your liabilities and obligations as well, including auto loans, credit card debt, child support, potential property taxes and insurance, and your overall credit rating. Use this calculator to determine how much of a mortgage you may be able to obtain.

Income and Debt Obligations

Current combined annual income ($)

Monthly child support payments ($)

Monthly auto payments ($)

Monthly credit card payments ($)

Monthly association fees ($)

Other monthly obligations (not including current mortgage payment)($)

New Loan Assumptions

Annual interest rate on new mortgage (0% to 40%)

Term of new mortgage (years)

Funds available for a down payment ($)

Estimated annual homeowner's insurance ($)

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.